Nasdaq-listed Eagle has signed a seventh waiver on a 2012 credit facility that is valid until 5 August.
In a securities filing the shipowner said talks with lenders to strike a refinancing agreement continue but it again stressed no guarantees of success.
“Although there can be no assurance that the company will be able to reach an agreement with the lenders regarding the terms of a restructuring, it is expected that any restructuring transaction would be substantially dilutive to the company’s current shareholders,” it said.
